As shown on the one-hour chart, in the last trading session, HPE broke out of its usual trading the range being the blue high-volume area on the profile. This is with increased volatility as shown by the indicator and the large top wicks on the rising green candles. Why did this occur? Were traders simply buying anything in the IT sector vaguely related...
VINC went from 1.5 to 3.0 in less than three hours with 12X relative volume in the afternoon after a month of a slow climb from a news release that really did not amount to much. Insiders are 25% of the shareholders and that may be the story here. This could be manipulation at its finest. I have to wonder how many insiders bought how many shares and when the...
AXTI a penny stock in the semi-conductor supply chain business saw a great price gain this past week going more than 65% The call options ran 2000% on Friday along. On the 15 minute chart, I see signs it is in high overbought territory and setup for a reversal. Price fell below the longer of the two paired Hull Moving Averages which death crossed. The price...
POWL destroyed analysts' estimates may more than it did the previous quarter. Of special note, the mass index indicator rose above the threshold but has not yet triggered a reversal signal. The next trading session may be a drop or a rest until next week. Call options striking 100 for 15DTE did 300%. I contemplate taking put options striking $110 with the...
I have been in BFRG since the November earnings it has done 300% over that time almost all of it in one week. There are no options on this one. The RSI indicator tells me that it is now overextended and overbought. This is confirmed by a reversal signal triggering on this 60-minute chart with a mass index indicator below it. The topping candles with long...
FULC a biotechnology firm with a mixed earnings report early in the month just printed a big move and then stalled at the NY lunch - hour and faded. Will the fade continue or will there be an upward continuation? The 15 -minute chart seems to suggest a downtrend: 1, The volume profile shows heavy trading at the top. This could be short sellers...
TLRY dropped from a Head & Shoulders in the winter into the lows in June and July with a lot of trading and accumulation as shown by the volume profile and its POC. Today TLRY took off for a big gainer of a day. But why and can it continue, The 5-minute chart shows plenty of volume support for today's move. The 4H chart shows a scorching rise into the...
WDFC, the manufacturer of WD-40 ( sprayable graphite) had a great earnings beat and a celebratory pop of 5%. My question is whether it can continue? On the 15 minute chart I have added four indicators and what they might indicate: (1) the Lorentzian Machine Learning Alert System with default settings with a few removed which shows the initial buy signal of...
NVAX popped today for a price jump of more than 20%. Canada agreed to pay out on a contract for COVID vaccines it now does not want in the amount of $350M. This is hardly enough to the fundamentals of the company overall. So the question arises, have traders and / or investors overreacted to a one time bonus which is essentially revenue without overhead...
Digital Ally, has had a bit of a slow motion pump after earnings in mid-May. Insofar as the earnings go, there were none. The news is DGLY is burning cash less than expected. No matter how you cut it shareholder value is not there and still the price went up since then especially in the last few trading sessions. DGLY could dilute shareholders to raise...
On the 2hr chart, NVDA popped from earnings over 20% putting with a PE Ratio sky high on the promise of semiconductor heaven and AI ecstasy. Can it stay there ? Will it lead other technology companies ( semiconductors / cloud services / AI et cetera) higher as well ? Is it now overbought and looking at a glass ceiling? The indictors suggest a near-term...
AUTL on the one-hour chart had a spontaneous parabolic move without a catalyst as best as I can tell. Earnings ten days ago were decent but nothing special. AUTL as a biotech firm is losing cash just not as much as analysts predicted. In the parabolic move very few shares were traded between $2.00 and $2.40 as per the volume profile Overall a massive volume...
POP algo lost 2.26% on the previous trade and flipped long at $9050 (green line), hoping to rise the trend. Will see how it goes, or it succeeds or is this just another fakeout. Last 5 trades (you can double-check it by yourself, script is open): 3. -2.26 % 2. 24.25 % 1. -1.97 % Hit the "LIKE" button and follow to support, thank you. Information is just for...
Just a quick update on my POP Strategy to keep informed about results. It closed last trade with +24.5% of profit and it opened short on May 3rd. Nice close, 80% YTD. Not sure about that short, I think it's gonna be chopped. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always...
50 and 100 exponential moving averages are closing in on the 200 EMA, showing a consolidation in price and potential short term trend reversal to the upside. Looks like a potential triple bottom on a strong support at around 21, as shown by the solid blue line. Selling volume is decreasing, as shown by the red line. RSI line is coming off of oversold condition...
Here is a short term prediction for a short lived bull rally on SPY. It will bounce around the 220-240 levels for a week or so before breaking below and continuing lower to the downside. Short term good news on the economic stimulus package etc will give the market a slight boost, (many will be trying to "buy the dip" after the huge 4 week sell-off) although the...